DAX Futures Morning Update on 25 September

The DAX Futures is trading at 12,346.00 up with  +0.02% percent or +2.50 point . The FTSE 100 Futures is trading at 7,420.50 up with +0.05% percent or +3.50 point. The EURO Stoxx 50 Futures is trading at 3,397.00 up with  +0.15% percent or +5.00 point.The CAC 40 Futures is trading at 5,467.00 up with  +0.05% percent or +3.00 point.

TODAY’S FACTORS AND EVENTS

Dax holding the 38.2% Fibonacci support at 12360/350 re-targets minor resistance at 12395 but strong resistance at 12465/475 likely to hold a rally at this stage. Shorts need stops above 12515.

First support at 12360/350 but longs need stops below 12300. A break lower targets 12250/040 before a buying opportunity at 12220/10, with stops below 12180. Next support at 12165/155.

PREVIOUS DAY ACTIVITY

For the day the FTSE 100 closed at  7,458.41 with a loss of  -0.42% percent or  -31.82 point.Germany’s DAX closed at 12,350.82 with a loss of -0.64%    percent or -80.06 point.  France’s CAC 40 closed at 5,476.17  with  a loss of -0.33% percent or -18.00 point. 

WORLD MARKETS

For the day the Dow is trading at 26,562.05  with a loss of  -0.68%  percent or -181.45 point. The S&P 500 is trading at 2,919.37 with a loss of -0.35% percent or -10.30 point. The Nasdaq Composite is trading at 7,993.25   up with  +0.079%percent or +6.29 point.

In other parts of world, Japan’s Nikkei 225 is trading at 23,940.26 up with +0.29% percent or +70.33 point. Hong Kong’s Hang Seng is trading at 27,499.39 with a loss of – 1.62% percent or  -454.19 point. China’s Shanghai Composite is trading at 2,778.55  with a loss of  -0.68% percent or  -18.93 point. India’s BSE Sensex is trading at 36,396.40 up with  +0.28% percent or +101.83 point at 12:15 PM.

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